Sale of US gas & power unit nets final amount of US$168m: Noble

Singapore

COMMODITY trader Noble Group on Monday said the final amount paid by Mercuria Energy America Inc for its indirect wholly-owned subsidiary, Noble Americas Gas & Power Corp (NAGP) stands at US$168 million, higher than the US$102 million announced earlier.

In October, Noble said it had sold NAGP to Mercuria for US$102 million, less than the US$261 million expected earlier because of changes in working capital and amounts placed in escrow.